Disclosures:

1. Interest Rate and Earnings Information 

The interest rate for your account will be paid until the maturity date of your certificate. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Your interest rate and annual percentage yield are listed on your certificate of deposit. Interest will be credited to your account monthly. If you authorize us to withdraw or transfer interest to another account, your interest will not compound. Interest begins to accrue on the business day your deposit posts to the account. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest will not be paid if the account balance is below the minimum opening deposit.

2. Penalty for Early Withdrawal

If you withdraw any amount of principal before the maturity date, we may impose a simple interest penalty on the amount withdrawn, at the current interest rate being paid on the account. A withdrawal which reduces the account balance below the minimum balance requirement may be considered a withdrawal of the entire account balance and shall be subject to penalty on the entire amount. If your account has not earned enough interest, or if interest has been paid, we will take the difference from the principal amount of the account. A penalty will not be imposed for withdrawals following the death or adjudicated incompetence of any account holder. For certificates that consist of IRA deposits: Principal withdrawals exempt from penalty are those that are reported to the Internal Revenue Service as required minimum retirement distributions in accordance with applicable IRA regulations. Principal withdrawals above the required minimum distributions each year are subject to the bank’s early withdrawal penalties.

3. Automatic Renewal

Account will automatically renew at maturity. You will have ten (10) calendar days after the maturity date to withdraw your funds without a penalty. The interest rate and annual percentage yield for any renewal term will be at the current interest rate we are paying at renewal.

4. Additions to Principal

Additions do not extend the maturity date or change the interest rate being paid on the account. All additions become part of the principal balance and are subject to penalty if withdrawn before the maturity date.